Monday, October 27, 2008

Payoneer Integrates with 41st Parameter to Reduce Fraud

International Business Times reports today that Payoneer, which is a leader payment solutions that help companies pay other companies worldwide by using reloadable PrepaidMasterCard cards, has integrated 41stParameter's® PCPrint into its international payment services.

PCPrint is industry’s leading tagless device that many banks use across the world in order to reduce online fraud. Payoneer already helps companies pay more efficiently, and at lower costs, but now it is looking to also quickly identify valid transactions. Fraud is a big concern for prepaid card providers, and so this integration will help better manage online transactions.

Ori Eisen, founder and chief innovation officer of 41stParameter mentions:

"Our technology helps banks Member Service Providers -- like Payoneer – as sure their banking customers that the individuals they make payments to are valid. We are proud to help simplify and protect the international payment process by providing the most effective online device IDtechnology."

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